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Nuvoco Vistas completes Rs 1800 cr Vadraj cement acquistion
Economic Times
·
1m ago
Medial
Nuvoco Vistas Corp, part of Nirma Group, completed the Rs 1,800 crore acquisition of Vadraj Cement, a debt-ridden company, by settling lender dues. The payment enabled Punjab National Bank and Union Bank of India to write back provisions this quarter. This acquisition boosts Nuvoco Vistas’ cement capacity by over 20% to approximately 31 million tonnes per annum (MTPA). Previously, Nuvoco Vistas acquired Lafarge Cement and Emami Cement, further expanding its market presence.
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Trade Spotlight: How should you trade SJVN, Apollo Hospitals, Ircon, Coforge, MIDHANI, and others on Monday?
Money Control
·
1y ago
Medial
Stock market indices showed a recovery, with the Nifty 50 gaining over 150 points. Analysts have suggested some trading ideas for the near term, including buying Aarti Industries, Mishra Dhatu Nigam, New India Assurance Company, Coforge, Ircon International, Apollo Hospitals Enterprise, Nuvoco Vistas Corporation, Jyothy Labs, Hindustan Copper, and SJVN. These stocks have shown positive technical indicators and potential for upside growth. Traders are advised to set stop-loss levels to manage risk.
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ACC completes acquisition of Asian Concretes and Cements
Livemint
·
1y ago
Medial
ACC Ltd, a subsidiary of Ambuja Cement Ltd owned by Adani, has acquired the remaining 55% stake in Asian Concretes and Cements Private Ltd (ACCPL) for ₹425.96 crore ($57 million). The acquisition was funded internally and brings ACC's ownership of ACCPL to 100%. This acquisition raises ACC's total cement production capacity to 38.55 MTPA and increases the Adani Group's overall capacity to 77.40 MTPA. The group aims to expand this capacity to 106 MTPA by FY26. ACCPL operates a cement plant in Himachal Pradesh and a subsidiary in Punjab.
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Dezerv completes Rs 46 Cr ESOP buyback
YourStory
·
4m ago
Medial
Wealth-tech startup Dezerv has completed a Rs 46 crore ESOP buyback programme, benefiting eligible employees. Although it provided liquidity opportunities, many employees chose to retain their stake. Co-founded in 2021 by former IIFL Wealth partners, Dezerv offers investment solutions to affluent Indians and recently surpassed Rs 10,000 crore in assets under management. The company employs 300 professionals, assisting high-net-worth individuals across five Indian cities with wealth management services.
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UltraTech lines up Rs 10,000 cr capex for FY26 to bolster capacity
Economic Times
·
11d ago
Medial
UltraTech Cement plans to invest Rs 10,000 crore in FY26 to expand capacity and improve efficiency. The company achieved a significant capacity milestone of 188.8 MTPA and aims for 200 MTPA soon, driven by acquisitions like India Cements and Kesoram Industries. UltraTech expects cement demand growth of 6-7% in FY26, bolstered by government infrastructure investments. Despite recent market challenges, they foresee higher volume growth, improved margins, and a reduced net debt to EBITDA ratio.
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JSW Cement gets SEBI nod to garner Rs 4,000 Cr via IPO
YourStory
·
6m ago
Medial
JSW Cement, under the JSW Group, received SEBI's nod for a Rs 4,000 crore IPO, involving a fresh issue of Rs 2,000 crore and an Offer-for-Sale by stakeholders. Key sellers include AP Asia and Synergy Metals at Rs 937.5 crore each, and SBI at Rs 125 crore. Proceeds will fund a new Rajasthan unit and debt repayment. By FY24, JSW Cement's revenue was Rs 6,028.10 crore with liabilities of Rs 8,933.42 crore and a 20.60 MTPA capacity.
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Blackstone acquires Kolkata's South City Mall for Rs 3,250 crore
Economic Times
·
1m ago
Medial
Blackstone has acquired Kolkata's South City Mall for Rs 3,250 crore. This marks a significant addition to Blackstone's retail portfolio in India. The mall, spanning over one million square feet, features over 150 stores, the largest food court in Kolkata, and parking for over 1250 cars. With an annual turnover of Rs 1800 crore, it attracts 55,000-60,000 daily visitors. The transaction highlights Blackstone's commitment to India’s retail sector.
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Samunnati completes Rs 381 Cr in Pre-Series E funding
Entrackr
·
2m ago
Medial
Samunnati, an agri enterprise focused on enabling inclusive growth across agri-value chains, has raised Rs 42.5 crore (around $5 million) in equity from Agri-Biz Capital Delaware LLC. This marks the first equity infusion for FY 2025-26 and brings the total Series E funding to Rs 381 crore. In the previous fiscal year, Samunnati raised $135 million in funding from several lenders, including USDFC, Credit Saison, Tata Capital, Poonawalla Fincorp, Hinduja Leyland Finance, Wint Wealth, Altifi, Alteria Capital, and Anicut Capital. Founded in 2014, Samunnati operates as a specialized agri value chain enabler offering customized financial and non-financial solutions. Its unique approach focuses on addressing the critical gaps in the agriculture ecosystem by linking farmers to markets, facilitating credit access, and improving farm productivity. The company works extensively with Farmer Producer Organizations (FPOs), agri SMEs, and agri-tech firms, serving over 6,000 farmer collectives and impacting millions of smallholder farmers across the country. With its presence in over 100 agri value chains and operations across more than 25 states, Samunnati’s product suite includes working capital finance, trade facilitation, supply chain solutions, capacity building, and market access support.
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Findi completes Rs 160 Cr acquisition of BANKIT to expand in India
Entrackr
·
3m ago
Medial
Findi Ltd, through its subsidiary Transaction Solutions International (India) Pvt Ltd (TSI), has completed the acquisition of BANKIT Services Pvt. Ltd for Rs 160 crore ($18.7 million). The deal aims to expand Findi’s reach in India’s financial services sector. Following the acquisition, Findi now supports over 1.8 lakh merchants across India. BANKIT brings a network of 1.29 lakh merchant partners, covering more than 12,000 pin codes. This addition strengthens Findi’s ability to offer banking and payment services to underbanked areas. Findi plans to use this network to build a platform that combines ATMs, merchant-led services, and digital offerings. The goal is to grow into a full Payments Bank and provide basic financial services to underserved communities. Earlier in 2025, Findi raised Rs 243 crore ($28.4 million) through institutional funding. It also acquired Tata Communications Payment Solutions Limited and signed an agreement with the State Bank of India to expand its ATM presence. In addition, Findi received a Rs 500 crore ($58.1 million) contract from the Union Bank of India to deploy ATMs. Findi and BANKIT will now focus on delivering integrated financial services through local merchants.
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Veranda Learning completes first‑ever QIP worth Rs 357 Cr
Entrackr
·
16d ago
Medial
Veranda Learning, an education company offering end-to-end learning solutions across the education value chain, has completed its first-ever Qualified Institutional Placement (QIP), raising Rs 357.42 crores through the issuance of 1,58,71,173 equity shares of face value Rs 10 each. The QIP witnessed participation from domestic and global institutional investors, including Authum Investment, Trust Mutual Fund, Resonance Opportunities Fund, Necta Bloom VCC, Saint Capital Fund, among others. The proceeds will be used to deleverage the balance sheet, including repayment of the Ascertis Credit facility and growth initiatives across verticals, aimed at unlocking long-term shareholder value, Veranda said in a press release. According to Veranda, the demand reflects broad endorsement of its differentiated multi-vertical education model and its long-term growth strategy. Systematix Corporate Services acted as the sole Book-Running Lead Manager for the transaction. Veranda Learning offers a variety of training programs, including competitive exam preparation for exams like State Public Service Commission, Banking, Insurance, Railways, IAS, and CA, as well as professional upskilling courses. The company operates through a multi-modal delivery system, including online, offline, and hybrid formats. Founded in 2018 by the Kalpathi AGS Group, Veranda Learning has a presence across schools, test prep, study abroad, software upskilling, and higher education. Its differentiated pedagogy, multi-modal delivery, and commitment to student outcomes have driven rapid expansion across India. It aims to democratize high-quality education at scale using technology, robust academic frameworks, and outcome-driven models.
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Adani-owned Ambuja Cements to acquire Orient Cement
VCCircle
·
9m ago
Medial
The Adani Group's Ambuja Cements has announced its acquisition of Orient Cement in a deal worth Rs. 8,100 crore ($964 million). Ambuja will acquire 46.8% of Orient Cement from its current promoters and make an open offer to buy another 26% from public shareholders. The acquisition will be funded through internal accruals and will increase Ambuja's cement capacity by around 30 MTPA within two years. This move will help Adani Cement expand its presence in core markets and improve its market share by 2%.
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